Chesapeake Energy Corp.'s (CHK) second-quarter earnings rose 91% as the company benefited from an aftertax gain of $584 million related to its recent sale of its interests in Chesapeake Midstream Partners LP and $490 million in mark-to-market gains related to its hedging programs.

Brazil's Diniz to Exercise Option to Sell Shares to Casino

Brazilian billionaire businessman Abilio Diniz has taken the latest step in the transfer of control of Brazilian retailer Grupo Pao de Acucar, notifying France's Casino SA (CO.FR) on Monday of his intention to exercise an put option to sell shares to the French firm, the company said Monday.

New iPhone, iPad Software Won't Include YouTube App

In a sign of the growing rivalry between Apple and Google, Apple will not include a pre-packaged app for YouTube in the newest version of its iPhone and iPad software.

Exclusive: Blackstone Group scuttled a nearly-complete management buyout of Knight Capital that would have made Knight a private company at a price tag of around $1.2 billion.

J.P. Morgan Objects to Terms Proposed by Peregrine Trustee

J.P. Morgan Chase & Co. (JPM) on Monday filed an objection to the terms proposed by the trustee attempting to untangle the financial assets of collapsed brokerage Peregrine Financial Group Inc. Attorneys for J.P. Morgan, which served as a clearing bank for Peregrine Financial, asked an Illinois

Energy Sector Wrap

On a trading day that saw the S&P 500 gain 0.2%, the Energy sector (XLE) showed little change.